iQIYI(US:IQ)2025-08-20 11:10Financial Performance - Total revenues for Q2 2025 were RMB6.63 billion (US$925.3 million), a decrease of 11% year over year[5] - Membership services revenue was RMB4.09 billion (US$571.0 million), down 9% year over year, attributed to a lighter content slate[8] - Operating loss was RMB46.2 million (US$6.4 million), with an operating loss margin of 1%, compared to an operating income of RMB342.1 million and a margin of 5% in Q2 2024[12] - Non-GAAP operating income was RMB58.7 million (US$8.2 million), down from RMB501.4 million in the same period last year, with a margin of 1%[12] - Net loss attributable to iQIYI was RMB133.7 million (US$18.7 million), compared to a net income of RMB68.7 million in Q2 2024[14] - Free cash flow was negative RMB34.1 million (negative US$4.8 million), compared to positive RMB382.5 million in the same period last year[16] Cash and Assets - The company had cash and cash equivalents of RMB5.06 billion (US$705.7 million) as of June 30, 2025[17] - Cash and cash equivalents at the end of the period were RMB 4,138,517, down from RMB 7,907,383 at the end of the previous quarter[36] - Total assets as of June 30, 2025, were RMB 46,364,713, an increase from RMB 45,760,525 as of December 31, 2024[34] - Total liabilities increased to RMB 32,854,343 as of June 30, 2025, compared to RMB 32,386,761 as of December 31, 2024[34] Revenue Growth - Total revenues for the three months ended June 30, 2025, were RMB 7,438,785, an increase of 12.2% compared to RMB 6,628,248 for the same period in 2024[32] - Membership services revenue reached RMB 4,495,310 for the three months ended June 30, 2025, up 9.9% from RMB 4,090,126 in the same period last year[32] Profitability - Operating income for the three months ended June 30, 2025, was RMB 342,093, compared to an operating loss of RMB 46,168 in the same period of 2024[32] - Net income attributable to iQIYI, Inc. for the three months ended June 30, 2025, was RMB 68,685, a significant recovery from a net loss of RMB 133,708 in the same period last year[32] - Free cash flow for the three months ended June 30, 2025, was RMB 382,453, compared to a negative free cash flow of RMB 34,141 in the same period of 2024[36] - The company reported a diluted net income per ADS of RMB 0.07 for the three months ended June 30, 2025, compared to a diluted net loss per ADS of RMB 0.14 in the same period last year[40] - Operating income (non-GAAP) for the three months ended June 30, 2025, was RMB 501,417, compared to RMB 58,678 in the same period of 2024[40] Strategic Focus - iQIYI is focusing on innovation and investing in key growth areas such as AI applications and global expansion[3] - The company repurchased an aggregate principal amount of US$85.0 million of the 2028 Notes during the quarter[18] Other Expenses - Total other expense decreased by 74% year over year to RMB61.9 million (US$8.6 million), primarily due to gains from foreign exchange[13]